According to a press release, Jalan-Kalrock Consortium, the resolution applicant of Jet Airways (9W), successfully obtained the renewal of the Air Operator Certificate (AOC) for Jet Airways from the Directorate General of Civil Aviation (DGCA) on July 28.
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On July 28, the Jet Airways (9W) Jalan Kalrock Consortium (JKC) informed the National Company Law Appellate Tribunal (NCLAT) that despite obtaining all the necessary permissions from the government, the Committee of Creditors (CoC) is preventing them from initiating operations.
The Central Bureau of Investigation (CBI) has taken a significant step in addressing the multi-crore Provident Fund (PF) scam that affected Jet Airways (9W) employees.
Committee of Creditors (CoC) of Jet Airways informed the Supreme Court that it has expended Rs 470 crores since CIRP without any return.
Jet Airways achieved legal triumph as NCLAT dismissed the creditor’s attempt to cash in a bank guarantee worth 1.5 billion rupees.
On May 22, the National Company Law Appellate Tribunal (NCLAT) reserved judgement in a case brought by Jalan Kalrock Consortium (JKC), the management replacement for Jet Airways.
The upcoming Friday (May 19) holds significance for the Jalan Kalrock Consortium (JKC), the winning bidder for Jet Airways, as it marks the final day of their air operator’s permit (AOP) granted by the Directorate General of Civil Aviation.
JKC has expressed its commitment for Jet Airways comeback and is searching for a new CEO to replace Sanjiv Kapoor, who resigned on 28 April.
On Friday, the Central Bureau of Investigation (CBI) searched seven locations, including the Mumbai offices of Jet Airways and the residence of its founder, Naresh Goyal, concerning a bank fraud case.
Former Jet Airways (9W) CEO Sanjiv Kapoor has shared his thoughts on the temporary shutdown of Go First (G8) Airlines. He mentioned that the closure of G8 is not good for Indian passengers.